BOSTON, Dec. 12, 2017 /PRNewswire/ -- Iron Mountain
Incorporated (NYSE: IRM) (the "Company"), the storage and
information management company, today announced that it has priced
an underwritten public offering of 14,500,000 shares of its
common stock at a price to the public of $37.00 per share. In connection with this
offering, the Company has granted the underwriters a 30-day option
to purchase up to an additional 2,175,000 shares of its common
stock.
The Company intends to use the net proceeds from the offering,
together with the proceeds from its concurrent offering of its
5.25% Senior Notes due 2028 (the "Notes Offering") and cash on
hand, to finance the purchase price of the acquisition of IO Data
Centers, LLC (the "Acquisition") and to pay related fees and
expenses. The completion of the offering is not conditioned upon
the consummation of the Notes Offering or the Acquisition. If the
Acquisition is not consummated, the Company would use the net
proceeds from the offering for general corporate purposes (which
may include financing the expansion of the Company's adjacent and
other businesses through acquisitions and repaying outstanding
indebtedness).
J.P. Morgan, BofA Merrill Lynch, Wells Fargo Securities,
Barclays, Evercore ISI, Goldman Sachs, and Morgan Stanley are
acting as joint book-running managers for the offering.
The securities described above are being offered by the Company
pursuant to a shelf registration statement filed with the
Securities and Exchange Commission (the "SEC") on February 29, 2016, which became automatically
effective by rule of the SEC upon filing. The offering is being
made only by means of a prospectus supplement and the accompanying
prospectus which forms a part of the registration statement. A
prospectus supplement and accompanying prospectus relating to the
offering will be filed with the SEC and will be available on the
SEC's website at www.sec.gov. Copies of the prospectus supplement
and accompanying prospectus may also be obtained, when available,
from J.P. Morgan Securities LLC, J.P. Morgan Securities LLC,
Attention: Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717,
telephone: 1-888-803-9204; BofA Merrill Lynch, Attn: Prospectus
Department, NC1-004-03-43, 200 North College Street, 3rd Floor,
Charlotte, NC 28255-0001, email:
dg.prospectus_requests@baml.com; Wells Fargo Securities, LLC,
Attention: Equity Syndicate Department, 375 Park Avenue,
New York, NY 10152, email:
cmclientsupport@wellsfargo.com, telephone: 1-800-326-5987; Barclays
Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717,
email: Barclaysprospectus@broadridge.com, telephone:
1-888-603-5847; or Evercore Group L.L.C., 55 East 52nd Street,
36th Floor, New York,
NY 10055, Attention: Equity Capital Markets,
email: ECM_Prospectus@evercoreisi.com, telephone:
1-888-474-0200. Before investing, you should carefully read
the prospectus supplement, the accompanying prospectus and the
other documents the Company has filed with the SEC for more
complete information about the Company and this offering.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any
sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader for
storage and information management services. Trusted by more than
230,000 organizations around the world, Iron Mountain boasts a real
estate network of more than 85 million square feet across more than
1,400 facilities in 53 countries dedicated to protecting and
preserving what matters most for its customers. Iron Mountain's
solutions portfolio includes records management, data management,
document management, data centers, art storage and logistics, and
secure shredding to help organizations to lower storage costs,
comply with regulations, recover from disaster, and better use
their information. Founded in 1951, Iron Mountain stores and
protects billions of information assets, including critical
business documents, electronic information, medical data and
cultural and historical artifacts.
Investor Relations
Contacts:
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Melissa
Marsden
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Faten
Freiha
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Senior Vice
President, Investor Relations
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Director, Investor Relations
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melissa.marsden@ironmountain.com
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faten.freiha@ironmountain.com
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(617)
535-8595
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(617)
535-8404
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SOURCE Iron Mountain Incorporated